Types of Life Insurance we offer: Term, Whole Life, Guaranteed Universal, Index Universal, Final Expense, Children's Whole Life, and Accidental.
Myths Busted on Life Insurance
Myth 1: I'm single, or married with no children, so I don't need life insurance.
Fact: Life insurance can help you cover your debts as well as help you provide for your loved ones in the event of death, even for those without children.
Myth 2: I can't afford life insurance.
Fact: Term life insurance, which is life insurance purchased for a period of time, is very affordable for many people. For example, if you are a healthy, non-smoking, 35-year-old female who has a good family health history, you may be able to purchase a policy for less than an evening at the movie theater per month. Get a life insurance quote now.
Myth 3: I'm a stay-at-home parent. I draw no income. I don't need life insurance.
Fact: If you're a stay-at-home parent, you may not provide an actual paycheck for the household, but you do provide services that would cost tens of thousands of dollars to replace. These include: the cost of day care, a chauffeur or taxi service, a cook and a home cleaning service to name a few. If you have an individual life insurance policy, this may help to ease the burden for the loved ones if you should pass away.
Myth 4: I have a life insurance policy through my job. If I take another job or get laid off, I can take the policy with me.
Fact: Typically, your group life insurance purchased through an employer isn't portable - meaning if you leave your job, you're probably also leaving your life insurance protection behind. However, if you own an individual life insurance policy purchased through an insurance agent or an Bartnik personal financial representative, leaving your job will have no effect on your coverage. If you need help figuring things out we're here to help. Contact us.
Myth 5: My beneficiaries will have to pay income taxes on the proceeds from my life insurance policy.
Fact: Your life insurance death benefits are generally income tax-free; yet very few people know this. Speak with a Bartnik Insurance representative to help you sort through the details. We're here to help you figure things out.
Myth 6: If I travel out of the country and something happens to me, I am not covered.
Fact: In the unlikely event you pass away while in a foreign country, the policy would most likely pay out to the beneficiaries. However, many life insurance policies exclude certain countries, such as those currently on the U.S. Department of State's Current Travel Warnings List; so it's important to review your life insurance policy prior to leaving the country. We can help you sort through the details. Contact us.
Myth 7: I don't need life insurance once my children are adults.
Fact: Life insurance can help achieve a goal of leaving an inheritance to children, other loved ones, or help relieve the burden of paying for final costs such as a funeral or final medical bills.
Myth 8: I have a comfortable savings, so I don't need life insurance.
Fact: It is easy to underestimate the amount of savings that is required in the event of death. Most Americans do not have enough in their personal savings to cover these expenses. If you don't have enough saved, it is possible your loved ones won't be able to pay off final expenses or be able to hold onto assets like a home.